Timeline: The Eastern European Domino Effect

CNBC.com

Friday, 10 Apr 2009 | 1:33 AM ETCNBC.com

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The credit crisis has had a near-catastrophic effect on many of the emerging economies in Eastern Europe. The International Monetary Fund shelled out tens of billions in emergency loans for the region, while governments have collapsed and angry protesters took to the streets in some countries.

The following timeline charts some of the key events since the onset of the credit crisis for the new European Union economies of: Hungary, Poland, the Czech Republic, Romania, Bulgaria, Estonia, Latvia and Lithuania.

Slovakia and Slovenia, already members of the euro zone, have been spared the worst of the crisis.

March 2009

The Czech Government collapses, throwing the future of the EU constitution into doubt.